Oprah to end talk show in 2011
By CNNMoney on November 20, 2009
Oprah Winfrey will announce on Friday’s “The Oprah Winfrey Show” that she will end her talk show, said a spokesman for Winfrey’s Harpo Productions.
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Posted in Newsmakers
Madoff accountant pleads guilty
By CNNMoney on November 3, 2009
The longtime accountant of convicted swindler Bernard Madoff pleaded guilty Tuesday to multiple fraud charges in connection to Madoff’s notorious, decades-long Ponzi scheme.
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Posted in Newsmakers
Who cares if Wall Street ‘talent’ leaves?
By CNNMoney on October 23, 2009
There’s no need to fear a Wall Street brain drain — despite the crackdown on pay by Washington.
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Posted in Newsmakers
No 2009 pay for BofA CEO Ken Lewis
By CNNMoney on October 15, 2009
Since he took the reins in 2001, Bank of America Chief Executive Officer Ken Lewis has received an annual salary of $1.5 million. But this year he will get nothing, according to a report by the Wall Street Journal.
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Posted in Newsmakers
Buffett praises BofA’s Ken Lewis — not!
By CNNMoney on October 14, 2009
Warren Buffett came to bury Ken Lewis, not to praise him.
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Posted in Newsmakers
BofA CEO: $53 million retirement score
By CNNMoney on October 14, 2009
Ken Lewis doesn’t have a golden parachute, but he’s all set for a comfortable landing — unlike his long-suffering shareholders.
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Posted in Newsmakers
America’s most tone deaf CEO
By CNNMoney on October 14, 2009
Since being named AIG’s chief executive in August, Robert Benmosche’s brashness has unnerved board members and raised the ire of Congress.
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Posted in Newsmakers
GM loses top executive
By CNNMoney on October 14, 2009
General Motors is losing its top U.S. sales executive, a key player in the automaker’s reorganization, to a job in another industry, CEO Fritz Henderson announced Wednesday.
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Posted in Newsmakers
A test case for Wall Street justice
By CNNMoney on October 14, 2009
Despite all the finger-pointing over who’s to blame for the worst financial crisis since the Great Depression, just two prominent players face criminal charges.
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Posted in Newsmakers
Lawmakers grill SEC on Madoff
By CNNMoney on October 14, 2009
Senate lawmakers took the Securities and Exchange Commission to task Thursday for failing to prevent Bernard Madoff from perpetrating one of the largest financial frauds in U.S. history.
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Posted in Newsmakers
Nominee for Manhattan U.S. Attorney: A nonpartisan star
By CNNMoney on October 14, 2009
When President Barack Obama nominated Preetinder S. Bharara last week to become the new U.S. Attorney for the Southern District of New York, which includes Manhattan, there was some cheap-shot snickering about a purported irony. Bharara, as Senator Charles Schumer’s chief counsel, had spearheaded the Senate Judiciary Committee’s investigation into former Attorney General Alberto Gonzales’s [...]
Posted in Newsmakers
Financier Stanford indicted for $7B fraud
By CNNMoney on October 14, 2009
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, according to court documents unsealed Friday.
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Posted in Newsmakers
Who is signing your money?
By CNNMoney on October 14, 2009
Treasury Secretary Tim Geithner has been waiting to sign your money for seven months, and he’ll have to wait just a bit longer.
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Posted in Newsmakers
Josie Natori’s stylish evolution
By CNNMoney on October 14, 2009
Josie Natori followed her business dreams from the Philippines to Wall Street. But after nine years as a banker, she needed a more creative outlet. In 1977 she launched a lingerie company with an East-meets-West flair. Today her brand includes four intimate-apparel lines, as well as a ready-to-wear clothing collection, home [...]
Posted in Newsmakers
The Chinese give Tim Geithner a warm welcome – to a point.
By CNNMoney on October 14, 2009
When the Treasury Secretary met with leaders in Beijing to offer assurances that the U.S. can repay its debts, he received a somewhat sympathetic ear.
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Posted in Newsmakers
My death-defying climb with Jim Collins
By CNNMoney on October 14, 2009
It’s 7 a.m. when I park in front of Jim Collins’ house in Boulder, Colo. He’s already out front, slim and wiry, his 50 years given away by nearly-white hair. Collins looks up from sorting piles of hooks, harnesses, ropes and cantilevered clasps. “Want to see where we’re going?” he says. Collins is energized, caffeinated, [...]
Posted in Newsmakers
Xerox CEO Anne Mulcahy steps down
By CNNMoney on October 14, 2009
Xerox Chairman and Chief Executive Officer Anne Mulcahy will pass the torch to the current president, Ursula Burns, effective July 1, according to a statement from the company. Mulcahy will remain as the chairman of the board.
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Posted in Newsmakers
Mark Bloom goes from jet setter to pauper
By CNNMoney on October 14, 2009
In the annals of fraud, hedge fund manager Mark Bloom will probably be remembered for two details. First, his alleged $20 million scam tipped off regulators to the larger, purported $554 million one at the brokerage firm WG Trading. Second, the former big spender is now so cash-strapped that he’s planning on using a public [...]
Posted in Newsmakers
Oprah’s Skypefest draws backlash
By CNNMoney on October 14, 2009
Oprah Winfrey’s tastemaking power is legendary. A spot on her book club list is the Holy Grail for authors, who are all but guaranteed a bestseller. Under her tutelage, the likes of Dr. Phil, Tyra Banks and Rachael Ray have shot to stardom. A few comments on her show can make or break a product.
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Posted in Newsmakers
Buffett: Berkshire Hathaway looking to deal
By CNNMoney on October 14, 2009
Berkshire Hathaway is ready to make a deal at the right price, but it has nothing in its shopping cart right now, CEO Warren Buffett said Sunday.
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Posted in Newsmakers
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